Ivolution Research Journal · Working paper
Gamma sign × EM pricing
The straddle expected move overprices realized range MORE in positive-gamma regimes — realized volatility is suppressed below what the market paid for — so positive-gamma sessions show a lower range-to-EM ratio and a higher expected-move band hit rate than negative-gamma sessions.
Cite as: GEX-10: Gamma sign × EM pricing. Ivolution Research Journal.
Publication status
The study is published as a working paper while a required data source remains unavailable. No result exists yet.
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Symbols
SPX · SPY · QQQ
Regimes
Aggregate · Positive gamma · pin · Positive gamma · drift · Negative gamma · trend · Negative gamma · chop · Event day
Horizons
close